The community-centric NFT marketplace Magic Eden just announced that it will be integrating Ethereum NFTs (ETH). This is a significant move, as Ethereum is the most used blockchain for NFTs. This also accelerates the platform’s efforts to expand its presence in all web3 communities.
About the Magic Eden x Ethereum Blockchain integration
Since its launch in September 2021, Magic Eden has managed to generate $2 billion in total trade volume for Solana (SOL) NFTs. The platform will increase its total traded volume by going multi-chain. NFT creators can also seamlessly launch across multiple chain chains, gaining liquidity and new audiences.
The new Magic Eden – Ethereum Blockchain features include: Magic Eden List (a whitelist and audience targeting tool), Launchpad (now with ETH / SOL compatibility) and Drop Calendar. Private beta testing is being conducted by the platform to support the launch a cross-currency trading service. Users will be able browse and purchase a variety of SOL and Ethereum NFTs, as well as make payments in SOL, credit card, or ETH.
The platform will also offer top-notch launch support. Magic Eden’s ETH compatible Launchpad offers seamless minting, marketing support, and bespoke launch build outs.
How will the platform’s new features help creators?
Zhuoxun Yin, the platform’s COO and Co-Founder, commented: “We want to honour the creators in this space by developing tools that would address their vast needs – which is why we made Magic Eden List available as a free resource and developed a white label marketplace solution.”
“Through our cross-chain Launchpad, creators will unlock a new set of audience through which they can amplify and grow their projects, as well as tap into additional sources of liquidity. Creators who launch with Magic Eden won’t have to make difficult decisions about which chain they prefer, limiting their audience reach. Web3 is a place for us to share knowledge and evolve together.”
Creators across chains can build pre-mint traction and journey by using Magic Eden List, its whitelist and holder management tool. Creators who are interested in starting their own communities can also use the white label marketplace solution
Jack Lu is the CEO and Co-Founder of the platform. He says, “We believe that a collective NFT community exists across multiple chain.” The first step towards realizing this vision is the launch of cross-chain Magic Eden Drop Calendar, a collector tool. The more creators and collectors can reach across chains, the more we can collectively experience powerful cultural moments on the blockchain.”
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.